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Prepare a Schedule of Cost of Goods Manufactured Lompac Products manufactures a variety of products in its factory. Data for the most recent month's...
Prepare a Schedule of Cost of Goods ManufacturedLompac Products manufactures a variety of products in its factory. Data for the most recent month’s operations appear below:Beginning raw materials inventory60,000Purchases of raw materials690,000Ending raw materials inventory45,000Direct labor135,000Manufacturing overhead370,000Beginning WIP inventory120,000Ending WIP inventory130,000Required: Prepare a schedule of cost of goods manufactured for the company for the month